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can obama defy that trend? spea>> the other was 1980, ronad reagan's unemployment rate was about when ronald reagan was running for reelection 7.3, 7.3, 7.4%. who knows. a lot of it will depend no particular data point will be decisive this point, what matters is what people think the trendline is, what the trendline really means. dennis: we would need 350,000 jobs per month to take an employmenemployment rate down tn three years. do they give him policies have helped or hurt the job recovery? >> they're not as robust as anybody would have hoped. the question is, is the economy poised for a takeover or not? nobody would look at this picture and say this proves what happened over the last four years has been wildly successful. the question is what are we poised for over the next few years, the next few months even. it is a long climb back to anyone's estimation. more about what is coming as opposed to what has happened in the past and that is what the argument is about in politics, what is coming next. you want
can obama defy that trend? spea>> the other was 1980, ronad reagan's unemployment rate was about when ronald reagan was running for reelection 7.3, 7.3, 7.4%. who knows. a lot of it will depend no particular data point will be decisive this point, what matters is what people think the trendline is, what the trendline really means. dennis: we would need 350,000 jobs per month to take an employmenemployment rate down tn three years. do they give him policies have helped or hurt the job...
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that is who obama is, he is on the far left. i don't think he will come to the center, there's nothing in his background or history or character to suggest a compromise or conciliation or moderation. connell: you go to who you really are, you don't have to cater to the group. at the same time you will be remembered for what you left behind, for the economy as it was. they won't remember the details, liberals don't remember bill clinton is moving to the center betraying them. these >>> we're doing with a dit one. he is not bill clinton, not a trying day later, he is an ideologue. connell: one example would be to let those tax cuts, could have dug into that. >> that was two years ago, republicans gained control of congress and he had reelection hanging over his head. four years ago he told the american people the transformation of the nation. we are not saying conservative is what he means by fundamental transportation is moving the united states away from free-market capitalism toward a government, european type of socialism. whe
that is who obama is, he is on the far left. i don't think he will come to the center, there's nothing in his background or history or character to suggest a compromise or conciliation or moderation. connell: you go to who you really are, you don't have to cater to the group. at the same time you will be remembered for what you left behind, for the economy as it was. they won't remember the details, liberals don't remember bill clinton is moving to the center betraying them. these >>>...
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a big obama fan, i know, but says the rich are going to pay more. that has to be part of the deal. >> says the middle-class should have tax cuts right now. >> do you agree with that? >> i do, for sure. it will not be over, we will talk about this for a while now. >> will he make this happen though? will you be willing to pay more? >> if that is it, sure. i think it will probably be more than this. i think it is up for debate how much more will be for whoever is talking about on the upper echelon. >> natural gas, market no huge reaction, natural gas has been down all day. that is because apparently it will be warmer than we thought. it is a good piece of news for those minorities. oil up to date better than not consumer sentiment, right? >> why wouldn't you feel better? pay attention to the fiscal cliff. we have had other things, the usg number shot is up higher than normally we see. we have come back off. all for not, but a little bit of something to talk about. >> there you go, he is willing to pay more. look at this, $20 right there. he is already
a big obama fan, i know, but says the rich are going to pay more. that has to be part of the deal. >> says the middle-class should have tax cuts right now. >> do you agree with that? >> i do, for sure. it will not be over, we will talk about this for a while now. >> will he make this happen though? will you be willing to pay more? >> if that is it, sure. i think it will probably be more than this. i think it is up for debate how much more will be for whoever is...
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president barack obama has dealt with this crisis. it did not hurt that the governor of new jersey, you know, had very complimentary things to say about him. we will see if this caused a bit of a stall in the bit from a momentum we have seen over the last few weeks. connell: we stopped to asking questions like that the past couple days, for obvious reasons. we try to look at these sites that aggregate the polls. on average now it is all tied up nationally. i am sure the national polls that it was as we get to the last few days. the president seems to have a lead in ohio. how would you handicap it, if you are looking at it back i have been looking at the polls all morning. they do show, basically, a dead heat right now. probably had a two or three-point lead a week or two ago. the storm, a lot of people -- connell: i have to interrupt you. we have breaking news now with a briefing of the mayor, michael bloomberg. >> let me caution everyone listening or watching that this conference, the first responders rescue and recover number may co
president barack obama has dealt with this crisis. it did not hurt that the governor of new jersey, you know, had very complimentary things to say about him. we will see if this caused a bit of a stall in the bit from a momentum we have seen over the last few weeks. connell: we stopped to asking questions like that the past couple days, for obvious reasons. we try to look at these sites that aggregate the polls. on average now it is all tied up nationally. i am sure the national polls that it...
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obama doesn't understand business. while the obama campaign accuses governor romney of lurching false attacks and false attacks. here's breaking news. penn state former president has been charged in the cherries and dusky molestation scandal. he's accused of charges. the school's president for 16 years is the third officially to be accused of crimes in an alleged cover-up. those are your news headlines this hour on the fox business network. back to melissa and lori. lori: thank you so much. breaking news in the aftermath of sandy. con edison said ma it may take until next saturday or sunday, a week from this weekend november 10 or 11th restoring power to some customers. those served by underground networks in midtown and lower manhattan who lost power during the storm will have their service back by this saturday. lori: that affects me. melissa: come on over, we have plenty of room. lori: an unbelievable tragedy. this is the swath of damage and it is unbelievable. melissa: you can come on over, we're happy to have you.
obama doesn't understand business. while the obama campaign accuses governor romney of lurching false attacks and false attacks. here's breaking news. penn state former president has been charged in the cherries and dusky molestation scandal. he's accused of charges. the school's president for 16 years is the third officially to be accused of crimes in an alleged cover-up. those are your news headlines this hour on the fox business network. back to melissa and lori. lori: thank you so much....
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unemployment is higher today than when barack obama took office. melissa: so how important is this report to the election? coming here to weigh in, chief political strategist at potomac research group. thank you for coming on. >> my pleasure, great to see you. melissa: what do you think? both sides trying to spin the numbers. >> i was told the white house was fearful the numbers could have been back at 8%, and it wasn't or that they could be under 100,000, and they weren't. i also think the romney campaign was hoping for a number that would have helped them more. for the 18 people in america who have not decided who they're going to vote for, i think it is probably neutral. melissa: it is not good for the president that number would go from 7.827.9, yet it is still below eight but a lot of people thought as the magic number. our greenroom pointed out to us it was actually 7.5% when jimmy carter was taking on ronald reagan who was even lower than, which i was surprised about. you can go any which way, but as you said, are there really that many peop
unemployment is higher today than when barack obama took office. melissa: so how important is this report to the election? coming here to weigh in, chief political strategist at potomac research group. thank you for coming on. >> my pleasure, great to see you. melissa: what do you think? both sides trying to spin the numbers. >> i was told the white house was fearful the numbers could have been back at 8%, and it wasn't or that they could be under 100,000, and they weren't. i also...
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Nov 14, 2012
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president obama meeting with them to talk about his plans. connell: 1.6 trillion is the number of the day. cheryl and dennis are coming up. they have a ceo who says the president is meeting with the wrong people. he says small business holds all the cards and he will make his case straight ahead. ♪ couldn't be easier. well, having a ton of locations doesn't hurt. and my daughter loves the santa. oh, ah sir. that is a customer. let's not tell mom. [ male announcer ] break from the holiday stress. fedex office. >> announcer: you never know when, but thieves can steal your identitand turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you opeup a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and ty can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most compr
president obama meeting with them to talk about his plans. connell: 1.6 trillion is the number of the day. cheryl and dennis are coming up. they have a ceo who says the president is meeting with the wrong people. he says small business holds all the cards and he will make his case straight ahead. ♪ couldn't be easier. well, having a ton of locations doesn't hurt. and my daughter loves the santa. oh, ah sir. that is a customer. let's not tell mom. [ male announcer ] break from the holiday...
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obama won. that brings us to the year end situation, no matter who was going to be president you have to deal with this fiscal cliff. because it is obama are you worried we go over the cliff? and what does that mean in terms of financial markets? >> in principle i think it makes obama not that bad for reducing the fiscal deficit and continued modernization of treasury bonds rallying, but not good for business so stocks are selling off because the stock market is expecting a hard time for corporate profit and is essentially economic weakness which is reflected in a strong bond market. i think when i was interviewed two months ago, from the peak, the market will drop 20%. revisit the lows of the june, 1266. >> not optimistic at all but one of the best global investors calling in today from bangkok. we will stay on top of this market sell off. dagen: we sure will. markets now, more ahead. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade.
obama won. that brings us to the year end situation, no matter who was going to be president you have to deal with this fiscal cliff. because it is obama are you worried we go over the cliff? and what does that mean in terms of financial markets? >> in principle i think it makes obama not that bad for reducing the fiscal deficit and continued modernization of treasury bonds rallying, but not good for business so stocks are selling off because the stock market is expecting a hard time for...
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Nov 23, 2012
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president obama's union supporters are stepping in. our very own rich edson joining us live from washington, d.c.. rich, what do you know? >> well, good morning. the key to the fiscal cliff negotiations, republicans say will talk increased tax revenue if democrats put entitlement reform on the table. medicare, medicaid, social security. there's a major effort by labor unions opposing that effort taking out advertising in states in missouri, pennsylvania, virginia, and elsewhere targeting members of congress to oppose any type of entitlement reform or changes. the group, in a statement says, elected officials from both parties need to listen to the will of the voters and focus on rebuilding the middle class and strengthening our economy by investing in jobs, not cuts. on the other side, conservatives say it's not a game changer because from unions, this is really nothing new. >> the fact they are publicly saying what they have been privately saying is helpful the american people understand where obama's intransigence comes from, but not
president obama's union supporters are stepping in. our very own rich edson joining us live from washington, d.c.. rich, what do you know? >> well, good morning. the key to the fiscal cliff negotiations, republicans say will talk increased tax revenue if democrats put entitlement reform on the table. medicare, medicaid, social security. there's a major effort by labor unions opposing that effort taking out advertising in states in missouri, pennsylvania, virginia, and elsewhere targeting...
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Nov 19, 2012
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you can look it up in barack obama's own budget. the point here is if you want more tax revenues, you have to get a lot more growth. it does not matter how much barack obama and congress raise tax rates this year, we're stuck at 2% growth, you're never going to see anywhere near the kind of revenues we need to balance the budget. i just say something about something rich just said in his report? i am so frustrated, we will create another sequester? why won't they ever just cut spending right now? i'm getting to the point where let's just do this, do the cuts, we're spending a trillion dollars more than we are taking in. what does every household do, every company do, they're cutting expenditures. lori: we need more growth, that is a problem, obviously the big fear of tumbling off the cliff. >> let me correct you right there. this is one of my pet peeves. if you cut government spending, that is good for the economy, not bad for the economy. the reason i get frustrated if everybody else gets this wrong. return the other networks what
you can look it up in barack obama's own budget. the point here is if you want more tax revenues, you have to get a lot more growth. it does not matter how much barack obama and congress raise tax rates this year, we're stuck at 2% growth, you're never going to see anywhere near the kind of revenues we need to balance the budget. i just say something about something rich just said in his report? i am so frustrated, we will create another sequester? why won't they ever just cut spending right...
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barack obama winning this state. it will be very interesting to see which candidate comes out on top. since we've been here of course we had a chance to speak to a number of local business owners about their outlook on the race and what they think needs to be done to get the economic recovery really getting some traction in this country. as you can imagine in virginia here it was very split as whose party they believe could do just that. but i did stop by and spoke to the general manager of a local hub who says he believes mitt romney is the one who has the credentials. >> i would like to see mr. romney given an opportunity to maybe turn the economy around. i think i have more confidence in him, just the fact of being in business and running a state and thinks like that i think might, you know, kind of see what he can do with it right now. >> so we'll see what he can do with it. as we say the polls here in virginia close at 7:00 p.m. and we'll wait and see what those results will show. let me be sure, it will be extr
barack obama winning this state. it will be very interesting to see which candidate comes out on top. since we've been here of course we had a chance to speak to a number of local business owners about their outlook on the race and what they think needs to be done to get the economic recovery really getting some traction in this country. as you can imagine in virginia here it was very split as whose party they believe could do just that. but i did stop by and spoke to the general manager of a...
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benefit mitt romney or president obama? >> depends on what people remember when they go to the polls. the last four years in southern nevada's been difficult, and nevada as a whole, and when people vote, they have that in mind. hey, i'm underwater in the house, someone is unployed for three years. you know, on the other side, there's a feeling, like, maybe we turned not thee corner, u a corner in the economy. that's something we'll have to watch. >> one of the remarkable aspects of the economy here is they are on average to have a record number of visitors. are they putting people back to work? there's the highest unemployment rate in the nation here. you bet. the leisure and hospitality industry led the way seeing recovery. yes, we will, in 2012, set the record for the most number of visitors coming. >> all right, jeremy, thank you very much for joining us. clark county, and whether it's going to mitt romney or barack obama, state polls lean towards barack obama, but it boils down to clark county. cheryl: adam, thank you.
benefit mitt romney or president obama? >> depends on what people remember when they go to the polls. the last four years in southern nevada's been difficult, and nevada as a whole, and when people vote, they have that in mind. hey, i'm underwater in the house, someone is unployed for three years. you know, on the other side, there's a feeling, like, maybe we turned not thee corner, u a corner in the economy. that's something we'll have to watch. >> one of the remarkable aspects of...
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>> if you look at obama-romney, obama is bullish gold and romney is bearish gold for the obvious reasons of spending and cutting but there are other things at play. i do think gold is going up. probably not going to $5,000 an ounce anytime soon. i think on balance, especially if you buy gold closer to 1600, 1625 i think it is a safer play. i think in the short term maybe we have more weakness. i think gold is a good piece of the portfolio, not for next year but the year after and year after that. lori: fair point. what is going on with the equities market? we're down 265 on the dow. we made up already 100 points. volatility back in play. where do you see the session short term here wrapping up? >> first, i thought, as they announced obama won the futures were down about a percent and they rallied all the way, you know, to 5:00 in the morning. when i woke up at 6:00 we were up, you know, a little bit on the s&p futures. then when draghi came out shortly thereafter, that is when the markets really unraveled. i would attribute today's selloff more to draghi than obama because the bank stock
>> if you look at obama-romney, obama is bullish gold and romney is bearish gold for the obvious reasons of spending and cutting but there are other things at play. i do think gold is going up. probably not going to $5,000 an ounce anytime soon. i think on balance, especially if you buy gold closer to 1600, 1625 i think it is a safer play. i think in the short term maybe we have more weakness. i think gold is a good piece of the portfolio, not for next year but the year after and year...
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if barack obama wants strong growth in the u.s. economy, he's going to have to extend his hand to the private interests that he vilified so much of the last two years to get reelected. dagen: more spending temecula of the federal reserve sitting ready and waiting make in our money and spend it. >> federal spending for the last 25 years has been to a percentage gdp. brock obama wanted to be for 23 percent of about 24%. the only way you can afford to do that if he extracts revenue out of the private sector. there is a real dilemma at the center of what he wants to do, and that is why i think we will be looking at gridlock for a little while. connell: okay. dagen: as always, be well. connell: we talked about the dow today being down a little bit, but nothing like yesterday. traders are calling it an obama sell-off, but the thing is, the polls consistently showing the president and the lead going into the election. why wasn't all that price did? brian jacobson. what do you think? >> i think it was partially priced in. it was basically
if barack obama wants strong growth in the u.s. economy, he's going to have to extend his hand to the private interests that he vilified so much of the last two years to get reelected. dagen: more spending temecula of the federal reserve sitting ready and waiting make in our money and spend it. >> federal spending for the last 25 years has been to a percentage gdp. brock obama wanted to be for 23 percent of about 24%. the only way you can afford to do that if he extracts revenue out of...
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Nov 14, 2012
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melissa: president obama's first news conference since his reelection. the white house and congress will attempt to work together, maybe, to find a compromise. peter barnes is at the white house. what do you think we can expect? >> i think we will hear a lot about petraeus, benghazi, general allen, the sex scandal, fbi, cia. all they have to do is look at yesterday's daily brief. two-thirds of it covered all of those subjects in about one third of tha it was on the fiscl cliff. carney answered some questions about it, and sounded repeated the president will try to be bipartisan trying to get a deal with congress. take a listen. >> he also said he is not indented into every aspect of his plan. in order to reach an agreement everybody needs to compromise in the compromise is another message of the election he took his american people want action. >> the president getting out in his press conference after we heard from speaker john boehner and mitch mcconnell on their position because they will all be here at the white house on friday to get these talks kic
melissa: president obama's first news conference since his reelection. the white house and congress will attempt to work together, maybe, to find a compromise. peter barnes is at the white house. what do you think we can expect? >> i think we will hear a lot about petraeus, benghazi, general allen, the sex scandal, fbi, cia. all they have to do is look at yesterday's daily brief. two-thirds of it covered all of those subjects in about one third of tha it was on the fiscl cliff. carney...
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Nov 15, 2012
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president obama tours devastation from hurricane sandy. where the tattered dreams end up, and it's not pretty. cheryl: winners on the nasdaq, cost cutting, investors like it. we'll be right back. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. cheryl: president obama this hour on the ground in stan ten island, turned the devastation a week after the hurricane. liz is to be a mile and a half, it's growing more than the empire state building, approaching the weight of the space station. that's according to the sanitation department, and it's about the size of the -- there, now they say it's 20 football fields. this is the sanitation department saying this operation is bigger than after kat
president obama tours devastation from hurricane sandy. where the tattered dreams end up, and it's not pretty. cheryl: winners on the nasdaq, cost cutting, investors like it. we'll be right back. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price....
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Nov 26, 2012
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obama said, oh, you have agreed to tax increases. the talks collapsed because obama misstated. connell: what you say to republicans who are thinking about breaking the pledge? >> look, most republicans have signed the pledge. even the ones who have not have made it very clear even when they ran for office, higher taxes have hurt the economy. they have spent too much money. the entitlements are looking to break the economy. we need to spend less. raising taxes to get the politicians more money to continue spending, does not solve any problems. connell: i know you think this is the narratives being pushed by the media and all of that, if they do break it, that does speak to your own influence. >> for the last 20 years, they have all kept the pledge. the pledge, however, in the tax issue are very, very powerful. connell: do you think they will keep it again? >> i think they will keep it again. because he raised taxes, because he did not be honest with the american people. he promised he would not raise taxes and he did. what happened, they spent our money. the democrats who promis
obama said, oh, you have agreed to tax increases. the talks collapsed because obama misstated. connell: what you say to republicans who are thinking about breaking the pledge? >> look, most republicans have signed the pledge. even the ones who have not have made it very clear even when they ran for office, higher taxes have hurt the economy. they have spent too much money. the entitlements are looking to break the economy. we need to spend less. raising taxes to get the politicians more...
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Nov 28, 2012
11/12
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president obama sets to speak at any moment. we will take you there live when that begins to happen. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doe't pay all my medical expense i look at my options. then i got a medicare sulement insurance plan. [ male announc ] if you're elible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now andind out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance coany. it helps pick up some of what medica doesn't pay. and could save you thousands in out-of-pocket costs. to me, relationships matter. i'veeen with my doctor r years. now i know i'll be able to stick with hi [ male announcer ] with these types of plans, you'll be able to visi any doctor or spital thatccepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now and request thisree decision gui to help you better underst
president obama sets to speak at any moment. we will take you there live when that begins to happen. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doe't pay all my medical expense i look at my options. then i got a medicare sulement insurance plan. [ male announc ] if you're elible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now andind out about an aarp medicare supplement...
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Nov 21, 2012
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obama on a bus in tel of the. reports of the cease-fire may be imminent. first as we go to break with the world's currencies. the u.s. dollar. cheryl: breaking news. as the muddling fox news to expect israel to announce a unilateral cease-fire late tonight or early tomorrow. this from fox's lehman from southern israel. >> almost sounds like deja vu all over again. we were standing on the same hole talking about the effect of the we were close to a cease-fire and there were reports that they cease-fire. these reports appear to be more concrete legitimate least it is not over until the last rocket fired as early as 10 minutes ago we saw a big explosion inside the gaza strip so we think hillary clinton, secretary of state in egypt right now and she and the egyptian president are expecting to have a news conference. whether that happens and the punt and of is that debate and clearly there are conflicting reports that there will likely be a ceasefire to end they 8 and a very bloody day at that. the bombings started again and this is the raw intensity we saw wit
obama on a bus in tel of the. reports of the cease-fire may be imminent. first as we go to break with the world's currencies. the u.s. dollar. cheryl: breaking news. as the muddling fox news to expect israel to announce a unilateral cease-fire late tonight or early tomorrow. this from fox's lehman from southern israel. >> almost sounds like deja vu all over again. we were standing on the same hole talking about the effect of the we were close to a cease-fire and there were reports that...
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Nov 26, 2012
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melissa: is seen as the boat to four obama was bigger government. lou: and the vote for mitt romney? i am saying the intellectual integrity of the moment acknowledging it is the size of government if we can't sustain them and the social safety net programs in perpetuity when we're trillions of dollars in debt and for doing so. melissa: how do drive that message home? nobody is getting it. >> a lot of people are. but they're not being honest. there in the democratic party and if they continue to refuse what is reality, and then a cliff is a small thing and embedded for decades. it is not a pleasant experience. melissa: i am not excited. [laughter] i hear you. melissa:. lou: people have to be honest. melissa: also watch him tonight tonight catch hoover institute senior fellow to talk about unrest in the middle east. lou: one of the wisest minds of geopolitics and her in the world. melissa: protest in the streets of cairo over the new power grab. look at the treasury's. the yield is dropping three basis points.nve or jumping into the marke he goes with
melissa: is seen as the boat to four obama was bigger government. lou: and the vote for mitt romney? i am saying the intellectual integrity of the moment acknowledging it is the size of government if we can't sustain them and the social safety net programs in perpetuity when we're trillions of dollars in debt and for doing so. melissa: how do drive that message home? nobody is getting it. >> a lot of people are. but they're not being honest. there in the democratic party and if they...
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Nov 19, 2012
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president obama said israel has every right to protect itself. former cia director david petraeus has named the famous lawyer robert barnett. petraeus is facing a possible investigation over his affair with paula broadwell. notre dame hit the top of rankings for the first time ever. it looks to claim the first national title since 1988. the fighting irish remain undefeated. alabama and georgia round out the top three. those are your headlines. now, back to dagen. dagen: thank you so much. regulation choking smaller banks in this country. they have to find a way to get bigger. is that good news for investors? anton, telling about regulation not just choking out at the big level, but also these smaller banks. what are they going through? >> the smallest thing for the smaller banks is that thousand pages of rules. they have had to hire people to make sure they are obeying the rules. lots and lots of compliance people. if you are a small company and you have to hire a number of people, you broke your ability to make money. dagen: do they not did stat
president obama said israel has every right to protect itself. former cia director david petraeus has named the famous lawyer robert barnett. petraeus is facing a possible investigation over his affair with paula broadwell. notre dame hit the top of rankings for the first time ever. it looks to claim the first national title since 1988. the fighting irish remain undefeated. alabama and georgia round out the top three. those are your headlines. now, back to dagen. dagen: thank you so much....
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Nov 16, 2012
11/12
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president obama won the election. i wasn't happy with that. iran on letting the tax cuts for millionaires expire. the second fact is taxes bill on january 1st as you know. not that the gop would vote to raise taxes but i don't think republicans have enough leverage to prevent president obama from letting the tax ike that is already planned going to affect from millionaires. of the republicans resist and don't actually cave a little i am afraid obama will say fine, we will all the tax hikes going to affect and blamed the republicans for raising taxes on middle-class and we will go over the fiscal cliff and there is panic and republicans will cave only after a showdown which they will lose and hurt themselves more. dagen: part of the thinking would be if you cave on just the top brackets and let them go back where they were under the bush did ministration you are opening the door for those rates to go even higher which plenty of democrats would like to take them in that direction. >> let's have that fight. we lost the election, republicans lost
president obama won the election. i wasn't happy with that. iran on letting the tax cuts for millionaires expire. the second fact is taxes bill on january 1st as you know. not that the gop would vote to raise taxes but i don't think republicans have enough leverage to prevent president obama from letting the tax ike that is already planned going to affect from millionaires. of the republicans resist and don't actually cave a little i am afraid obama will say fine, we will all the tax hikes...
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Nov 29, 2012
11/12
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it is looking more like obama is going to get both. he wants rates to go about not 39.6, and he wants to do something on deductions. he wants to go twice a year. what do you think? >> he wants a mix of things and what republicans will see as a compromise is keeping rates going not as high as originally thought, not quite 40% but keeping them lower and including some of those deductions but if obama got everything he wanted that would be $72,000 average on the top 1% households. dennis: senator harry reid said two days ago let's raise tax rates on the rich and that way we have gone without solving fiscal problems. that will raise $80 billion meaning only $1 trillion more to cut or find new revenue. this has not been discussed at all. what do you think? >> exactly right. to do serious long-term debt and deficit reduction you have to do entitlement reform. what this president is feeling is the popular sensibility is polls show the majority of americans don't even want to raise the age on medicare from 65 to 67 and they are using that so t
it is looking more like obama is going to get both. he wants rates to go about not 39.6, and he wants to do something on deductions. he wants to go twice a year. what do you think? >> he wants a mix of things and what republicans will see as a compromise is keeping rates going not as high as originally thought, not quite 40% but keeping them lower and including some of those deductions but if obama got everything he wanted that would be $72,000 average on the top 1% households. dennis:...
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Nov 12, 2012
11/12
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obama getting reelected, we are likely to see a tax increase. we will let the tax cuts expire, they will reinstate them after the first of the year. they will technically be voting for a tax cut rather than a tax increase. maybe it is over 250, i am not as optimistic as i used to be. connell: we are all trying to put odds on what they will do. for someone who looks at these issues, especially the economic issues, give me a realistic suggestion as to what they should do. and something that could get done that would be a reasonable compromise to keep the economy and the best case. >> i agree with your previous guest. the best solution would be to reduce marginal tax rates and broaden the base. everything that is good in the economy happens at the margin. if you lower the marginal tax rate, you are lowering the barrier to increase economic act committee. if you raise about marginal tax rate, you still have a higher power. it is really that simple. that is how i look at it. there are other economists and they would say oh, no, it does not work that
obama getting reelected, we are likely to see a tax increase. we will let the tax cuts expire, they will reinstate them after the first of the year. they will technically be voting for a tax cut rather than a tax increase. maybe it is over 250, i am not as optimistic as i used to be. connell: we are all trying to put odds on what they will do. for someone who looks at these issues, especially the economic issues, give me a realistic suggestion as to what they should do. and something that could...
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Nov 27, 2012
11/12
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president obama got beaten up pretty good in the debates. it looks to me that he will be more flexible. when push comes to shop, he will be more flexible. he wants to leave a legacy of the greatest president of all time. connell: steve moore making the case a moment ago that we will go over the cliff for a few weeks, a few months, whatever it may be. you make a bet that he does a deal before the end of the year because he is worried about his legacy. are you sure enough about it to bet on something in the markets? >> well, yeah. absolutely. i think he made it on the intraday low at 1343. i think that holds up at year end. i just got back from europe. everyone over there is bearish and underinvested. i think if the market does not fall apart right here, i think they will be forced to chase in the santa claus rally. connell: it is that time of year again. going over the cliff, however, you assign some probability to that. first, tell us about that. how will the market react to that? would that really happened or what the market kind of look do
president obama got beaten up pretty good in the debates. it looks to me that he will be more flexible. when push comes to shop, he will be more flexible. he wants to leave a legacy of the greatest president of all time. connell: steve moore making the case a moment ago that we will go over the cliff for a few weeks, a few months, whatever it may be. you make a bet that he does a deal before the end of the year because he is worried about his legacy. are you sure enough about it to bet on...
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Nov 13, 2012
11/12
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president obama says his reelection means we will tax the rich. democrats, republicans say they are old and the house meaning we won't raise taxes on any one. are you two side going to blow this and what let happen? >> i hope not. there is room for compromise. but i don't think labor leaders are going to get everything they want today. it is an election celebration but the voters in their wisdom have given us divided government again. democratic president, democratic senate and republican house and republican speaker. there's going have to give and take and there's a solution out there. dennis: which is more important to republicans? avoiding the fiscal cliff or avoiding a tax increase on people who earn over $250,000 a year? >> what is most important to us is not causing a recession at this precarious point in our nation's history. if we do what labor leaders were suggesting today at the white house, then i think we are going to go back into a double-dip recession. we are down below 8% unemployment right now. last thing we need to do is send it r
president obama says his reelection means we will tax the rich. democrats, republicans say they are old and the house meaning we won't raise taxes on any one. are you two side going to blow this and what let happen? >> i hope not. there is room for compromise. but i don't think labor leaders are going to get everything they want today. it is an election celebration but the voters in their wisdom have given us divided government again. democratic president, democratic senate and republican...
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Nov 13, 2012
11/12
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president obama wants higher taxes as part of any deal. the economy is good or bad and he wants higher taxes. other interesting notes, sally cried check made it possibly taking over from mary schapiro. an e-mail, she has not gotten back to me. [talking over each other] charlie: i bet my pickings she has not. [talking over each other] melissa: a professional. do you communicate. [talking over each other] lori: can't ask about professional relationships with general david petraeus. charlie: since i was at the wall street journal -- [talking over each other] adam: i am usually good at that. i am good at -- melissa: everyone, simpson-bowles in this framework, and a bunch of baloney and here he is saying to come back and work on the deal. charlie: not the democrats but the white house. politically speaking, he didn't do himself any favors by saying paul ryan is a brilliant guy. melissa: everyone wants to look like they want to make a deal. [talking over each other] melissa: when push comes to shove they don't. charlie: i do not agree -- you are
president obama wants higher taxes as part of any deal. the economy is good or bad and he wants higher taxes. other interesting notes, sally cried check made it possibly taking over from mary schapiro. an e-mail, she has not gotten back to me. [talking over each other] charlie: i bet my pickings she has not. [talking over each other] melissa: a professional. do you communicate. [talking over each other] lori: can't ask about professional relationships with general david petraeus. charlie: since...
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lori: do you think level of interest rates with obama? >> no, i don't think that is what it is about. bernanke chairmanship, hard to estimate the power of federal reserve on dovish mode with bernanke driven flood of cash into risk assets like stocks. lori: talk about the relatively low rates. boy, it crushes people dependent on fixed income as i'm sure you're well aware. retirees, people facing retirement. where should they put their money what are the best options in fixed right now? >> first thing i have to say there is no easy solutions. when we look at available set of options to investors there are kind of four options here. number one, stay in cash. you're locking in a negative return because of inflation. number two, go to inflation protected assets like tips. their returns are low as well. number three, we call riding the central bank wave, buying same treasurys the fed is. that is not that productive in the long run. number four is the most inteeinging option not as appealing as year ago, buying risk assets, corporate bonds, muni
lori: do you think level of interest rates with obama? >> no, i don't think that is what it is about. bernanke chairmanship, hard to estimate the power of federal reserve on dovish mode with bernanke driven flood of cash into risk assets like stocks. lori: talk about the relatively low rates. boy, it crushes people dependent on fixed income as i'm sure you're well aware. retirees, people facing retirement. where should they put their money what are the best options in fixed right now?...
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Nov 29, 2012
11/12
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president obama, asking america to rise up and tweet. he held a new hash tag on twitter, my2k, as in it is my $2000. now it has become a thriving platform for trashing the obama plans. they've even acquire sponsorship rights, so that when people search the hash tag we see paid heritage messages opposing the obama tax hikes. an hour ago i searched my2k, the president got sandwiched between two foes. president obama himself had a second slot, call your members of congress, write them an e-mail, use the hash takes my2k. but then his archrival, john bennett and house speaker linking to video and saying it is not a balanced approach without spending cuts. also aspiring jeers like these. why didn't you start a hash tag for benghazi? and there is this one. i support paying my fair share, oppose paying your share as well. and how about you submit a budget that balances without tax increases, cut spending, reduce government. it is a nice idea, guys, it ain't going to happen. ashley: he has the voices and everything. tracy: a quarter on till, stoc
president obama, asking america to rise up and tweet. he held a new hash tag on twitter, my2k, as in it is my $2000. now it has become a thriving platform for trashing the obama plans. they've even acquire sponsorship rights, so that when people search the hash tag we see paid heritage messages opposing the obama tax hikes. an hour ago i searched my2k, the president got sandwiched between two foes. president obama himself had a second slot, call your members of congress, write them an e-mail,...
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Nov 30, 2012
11/12
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the rating creases that president obama and the democrats want? don't increase rates that cap deductions so people will pay more than what the republicans want or is it spending cuts from government? which of those three is the toughest? >> the most important issue is what the tax rates are going to be. all good business people make decisions on after-tax returns with you are looking at a worker you are going to hire or a new piece of equipment or expanding a business you look at the after-tax returns, that goes down as tax rate marginal tax rates go up. that is the big issue. dennis: if my marginal tax rate stays the same but i can't hire tax bill because they kept my deductions aren't i still going to not bought a welding torch i was going to buy? >> that may be. you made me pick one out of three. dennis: the thing we are worried about, there are things you say they can do. they should wait on spending but tell us about changing their tax filing status. >> one of those things we are going to see is a big difference between the personal marginal
the rating creases that president obama and the democrats want? don't increase rates that cap deductions so people will pay more than what the republicans want or is it spending cuts from government? which of those three is the toughest? >> the most important issue is what the tax rates are going to be. all good business people make decisions on after-tax returns with you are looking at a worker you are going to hire or a new piece of equipment or expanding a business you look at the...
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Nov 15, 2012
11/12
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president obama is speaking on cedar grove avenue on staten island. let's listen in. >> and i promise to everybody that i was speaking on behalf of the country when i said we are going to be here until the rebuilding is complete. and i meant it. so i'm going to come back today but i will also be coming back in the future to make sure we have followed through on that commitment. i want to thank the outstanding leadership that has been provided by state and local officials. obviously governor cuomo and mayor bloomberg have done an outstanding job. to borough president manero, thanks so for your leadership at a time when folks on this island were going through extraordinarily difficult times. the people of long island, who are going through really tough times, across the board what we've seen is cooperation and a spirit of service, and, you know, for the first-responders who are here, the police officers, the firefighters, the ems folks, the sanitation workers who sometimes don't get credit but have done heroic work, we are so grateful to you because you
president obama is speaking on cedar grove avenue on staten island. let's listen in. >> and i promise to everybody that i was speaking on behalf of the country when i said we are going to be here until the rebuilding is complete. and i meant it. so i'm going to come back today but i will also be coming back in the future to make sure we have followed through on that commitment. i want to thank the outstanding leadership that has been provided by state and local officials. obviously...
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Nov 16, 2012
11/12
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president obama meeting with congressional leaders. it is all we are talking about these days. the fiscal cliff. rich edson joins us from the white house now. rich: they are not offering very many specifics this early on. we do have a ways to go. john boehner did offer framework. the framework would have tax and entitlement targets, revenue targets, spending targets, that this year in the next couple months. congress would work out the details in 2013. both leaders from both parties and both houses say it is time to get to work. >> we will continue to have revenue on the table. we are serious. we are serious about cutting spending and solving our fiscal problems. >> we will do it now. we feel very comfortable with each other. this is not something we will wait until the last day of december to get it done. rich: they met for a little longer than an hour here at the white house. much of the talk was positive. there really is not anything close to specifics right now coming from anyone in all of this. here he read and nancy pelosi really did not mention entitlement at all. rich o
president obama meeting with congressional leaders. it is all we are talking about these days. the fiscal cliff. rich edson joins us from the white house now. rich: they are not offering very many specifics this early on. we do have a ways to go. john boehner did offer framework. the framework would have tax and entitlement targets, revenue targets, spending targets, that this year in the next couple months. congress would work out the details in 2013. both leaders from both parties and both...
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Nov 28, 2012
11/12
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president obama will hhve a sitdown with crummy tomorrow. their first sit down since the election november 6. tonight's record-breaking powerball jackpot is now up to $550 million. people lining up across the country for their chance to hit it big. if you think you're going to become an instant millionaire, here's a sobering stat. the odds are one in 175 million. those are your headlines. back to you. lori: thank you. melissa: are you sharing your lottery winnings with me? lori: yesterray i was on the fence, but i've decided i should be generous. melissa: in the summer knight capital was fighting for it survival after aaron's trading wiped out money from the balance sheet. but they find themselves in the middle of a bidding war as high frequency trading outfit tries to outbid their arrival. who has the advantage? which has the advantage. >> we report, you decide. i will lay ouu a couple of things. convincing the board to accept an all cash. from $3 plus. we don't know what the plus is, that could be a big thing. they're looking to do this by
president obama will hhve a sitdown with crummy tomorrow. their first sit down since the election november 6. tonight's record-breaking powerball jackpot is now up to $550 million. people lining up across the country for their chance to hit it big. if you think you're going to become an instant millionaire, here's a sobering stat. the odds are one in 175 million. those are your headlines. back to you. lori: thank you. melissa: are you sharing your lottery winnings with me? lori: yesterray i was...
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Nov 12, 2012
11/12
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i don't understand why republicans don't take obama's offer. melissa: so he continued asking why the republican party would fall on sword defending bunch of millionaires voted democrat and half would live in hollywood and half are hostile. that part makes sense. i don't agree with the first part but the last part. what do you think, lou? >> i think it is interesting. i haven't talked to kristol since i made the comments. a, i don't know any republican who is ready to fall on their sword if they do possess such things. secondly, i don't know what the obama offer was that he is so eager to have the republicans accept. peculiar. i thought it was also fun that bill kristol decided he didn't see any harm in millionaires paying a little more in taxes but he didn't want anybody to kill them for saying so. sort of defending himself at the same time he was uttering it. you know, the fact of the matter is kristol makes sort of an interesting point as long as you don't pay attention to the fact there is no obama offer. taxes are not the issue. it is reven
i don't understand why republicans don't take obama's offer. melissa: so he continued asking why the republican party would fall on sword defending bunch of millionaires voted democrat and half would live in hollywood and half are hostile. that part makes sense. i don't agree with the first part but the last part. what do you think, lou? >> i think it is interesting. i haven't talked to kristol since i made the comments. a, i don't know any republican who is ready to fall on their sword...
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Nov 20, 2012
11/12
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. >> obama does not occupy the high moral ground alone. what they should do, but will not, you want clinton type of tax rate that we had back in the 1990s, okay, give us that clinton type of error. in return, we want spending levels proportion to the economy. repeal obamacare. republicans should go on offense instead of just letting the democrats define the terms of debate. dagen: do you think that all of the tax rate should go up? >> no. no. dagen: just for the wealthy, you are talking about. >> i do not want any tax increases. critics will say: oh, you are just kicking the can down the road. fine, that will help save the economy. that things will happen. connell: just in terms of perspective, the economy and numbers we report every day, you could make an argument that things are getting a little bit better. the housing data is turning around. some people say time heals wounds. >> all the more reason not to hurt the economy. there are numerous new regulations coming under obamacare. that will hurt. you have numerous regulations coming fro
. >> obama does not occupy the high moral ground alone. what they should do, but will not, you want clinton type of tax rate that we had back in the 1990s, okay, give us that clinton type of error. in return, we want spending levels proportion to the economy. repeal obamacare. republicans should go on offense instead of just letting the democrats define the terms of debate. dagen: do you think that all of the tax rate should go up? >> no. no. dagen: just for the wealthy, you are...
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Nov 21, 2012
11/12
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obama carries on the way, why strike about that? >> this is a lashing out by severely stricken, if you will, -@organized labor movement in ts country. they represent 7.5% of the total workers in the country even with the effort of this administration they can't move their membership forward. melissa: they remind me of my two-year-old at a time. it was wal-mart in particular, definitely won't have the desired affect. even if we sympathize. >> sympathize with what, people have jobs? by the way, nobody is forcing anybody to work for wal-mart, nobody is compelling them to do so. and the only one interested in course in here is the service employee unions themselves. to me it is regrettable, it is regrettable they are being permitted to do so. you will love this, the nlrb says it is a very complex issue. we should point out today private mediation between host is and its union failed, which set them up to move toward liquidation assets. 18,500 jobs to be lost shutdown, 33 plants. melissa: they will be picked apart and perhaps some of it
obama carries on the way, why strike about that? >> this is a lashing out by severely stricken, if you will, -@organized labor movement in ts country. they represent 7.5% of the total workers in the country even with the effort of this administration they can't move their membership forward. melissa: they remind me of my two-year-old at a time. it was wal-mart in particular, definitely won't have the desired affect. even if we sympathize. >> sympathize with what, people have jobs?...
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Nov 27, 2012
11/12
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obama's heads to suburban philadelphia. white house officials will say he continues to make his case to keep them where they are earning less than two 1/5 thousand and those making more. after a week of meetings of ceo and business leaders but not any with congressional negotiators. >> instead of sitting down with lawmakers to work out agreement, he is back on the campaign trail with the same talking points. >> the president tries to dramatize what the president shows the 60% of voters agree the wealthy should pay more in taxes. >> and republicans are responding that house republicans will visit local small businesses to emphasize the threat to jobs posed by the small business tax hike. lori: the epa may impose new regulations on air quality and carbon emissions and now one of particular is trying to prevent them from going into effect and peter barnes has details. senator inhofe the most vocal critic of the epa, the heartland institute presented him with more than 16,000 petitions and that demand congress cohmad graner wro
obama's heads to suburban philadelphia. white house officials will say he continues to make his case to keep them where they are earning less than two 1/5 thousand and those making more. after a week of meetings of ceo and business leaders but not any with congressional negotiators. >> instead of sitting down with lawmakers to work out agreement, he is back on the campaign trail with the same talking points. >> the president tries to dramatize what the president shows the 60% of...
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Nov 30, 2012
11/12
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president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every 15 minutes. lauren simonetti. washington is playing politics over the fiscal cliff. we are near session lows right now. >> 11 points away from session lows. the dow is clinging onto that level right now. consumer discretionary is your best performing sector this month. it is lower today, as is technology. the s&p 500 trying to hang onto a monthly gain. not sure if we can do it. certainly higher for the week and nasdaq higher for the both of them. a two-day chart of yelled is really interesting. they expect fourth-quarter sales in china to decline. lo
president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every...
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Nov 20, 2012
11/12
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but now a bipartisan group of 18 senators is taking action requesting a meeting with president obama in hopes of convincing him to approve the project. joining us now by phone is north dakota republican senator john hoeven. thank you very much for joining us. >> good to be with you. >> you put together a letter urging action. i understand you have nine republicans and nine democrats banding together. what's the response been so far? >> we haven't had a response yet from the administration. but we do anticipate hearing from them very soon. senator baucus and myself put together a bipartisan group and it reflects the strong support in congress for the keystone pipeline project which has now been put off for going on five years. and so it's time for the president to make a decision to approve it, and we're going to continue to push it until well get it done. >> you know, senator, you are always really optimistic about this. when exactly did you send the letter? >> pardon me? when did we send it? >> when did you send it? yeah. >> last week. >> did you think you would hear by now? >> well
but now a bipartisan group of 18 senators is taking action requesting a meeting with president obama in hopes of convincing him to approve the project. joining us now by phone is north dakota republican senator john hoeven. thank you very much for joining us. >> good to be with you. >> you put together a letter urging action. i understand you have nine republicans and nine democrats banding together. what's the response been so far? >> we haven't had a response yet from the...